The final UK S&P Global Services and Composite PMIs for March were both revised down slightly from their flash estimates. While the report indicates that activity is still expanding, there has been a clear loss in momentum…
Climbing US bond yields, alongside higher oil prices, might spoil the party for global risk assets. There are budding cracks in EM domestic bonds, and even though we like this asset class in the long run, investors exposed to it…
According to BCA Research’s China Investment Strategy service, the growth rate of China’s infrastructure investment will likely slow from a nominal 9% last year to about 6% this year. Funding constraints will limit…
The extraordinary performance of AI companies has pushed US growth stocks to new highs. So far, the MSCI US Growth Index has returned almost 11% since the start of the year, outperforming global stocks by over 3%. No growth index…
The US manufacturing sector appears to be enjoying a revival. As we highlighted yesterday, the ISM manufacturing PMI unexpectedly returned to growth in March and the S&P Global US manufacturing PMI remains in expansion…
Flash estimates for Euro Area inflation in March surprised to the downside. Headline inflation slowed from 2.6% to 2.4% versus expectations of 2.5% and core inflation eased from 3.1% to 2.9% versus expectations of 3%. While the…
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BCA Research’s US Investment Strategy service is watching households, the labor market and consumer credit for signs of a business cycle inflection and the all-clear signal to underweight equities. Equity bear markets…
The Dallas Fed released its trimmed mean PCE inflation rate for February on Friday. The trimmed mean PCE is a measure of underlying inflation which excludes the top 31% and the bottom 25% of the PCE basket and then uses a weighted…